Republic of Serbia: Eighth Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia

December 21, 2017

Preview Citation

Format: Chicago

Republic of Serbia: Eighth Review Under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Serbia, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This paper discusses Serbia’s Eighth Review Under the Stand-By Arrangement. Notwithstanding some temporary supply shocks, economic activity remains robust, supported by recovery of private consumption and strong foreign direct investment. Significant fiscal over-performance has continued and efforts to address structural weaknesses have been accelerated. This, along with a healthy credit recovery on the back of substantial monetary policy easing, has helped support growth, while low inflation has reinforced recovery in real incomes. Continuing broader structural reforms are needed to improve the business climate and support Serbia’s medium-term growth.

Subject: Banking, Credit, External debt, Financial institutions, Loans, Money, Nonperforming loans, Public debt

Keywords: Anchored inflation expectation, Approaching completion, CR, Credit, FDI inflow, Global, Growth potential, Headline CPI inflation, Inflation tolerance band, ISCR, Labor market outcome, Loans, Nonperforming loans, Western Europe

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/397
Stock No:

1SRBEA2017002
ISBN:

9781484334782
ISSN:

1934-7685

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